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20130101
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, republicans in congress tackle fiscal cliff. the most visible former elected official in the tea party and, of course, chairman of freedom works tried to oust several freedom works officials this fall. in fact, according to the post, army thieves control momentarily of the group. and he brought a gun carrying aide to remove rivals within the organization. but within a week, army was out. freedom works arranged an $8 million pay page for him. $8 million. that is more than the organization's entire annual budget in some years. over in the house, several tea party allies were recently stripped of their committee assignments by speaker boehner. so there are some problems there at the top. an influential conservative is lashing out. >> the tea party is going of to look at itself. it's been so helpful to the republican party in the past. it saved i by not going third party in 2010, helping the republicans sweep the house. but the tea party style of rage is not one that wins over convertes and makes people lean toward them and say, i want to listen to you. >> so there is some real trouble there f
of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new plan, if we do go over the clifr, would work out. so what would half if we go over the cliff? the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right now. across the entire economy go
the fiscal cliff issue, is this larger question of whether congress could act. i hope the senate does act. i hope that these meetings this afternoon, that both caucuses will come out saying that the senate should pass something. and not get all hung up on what boehner does. but actually pass something. >> yeah. we get hung up on speaker boehner sometimes. i want to push you on that because something a lot of people say, though, is that if we did this once, a big deal, 500 days, down to the wire, we didn't get a breakthrough, there are a lot of folks, including democrats who say well, why would a 60 or 90-day deal be any good? doesn't this just replay -- i take your point on the certainty of the markets in the short run -- >> go ahead. >> no, no. i'm saying more of -- half a loaf. the president has been talking about a very large deal, $1.6 trillion. if you get $800 billion now and say $800 billion later in tax reform, i would go for that. and i -- i would certainly encourage my colleagues to do that. >> understood. because -- because your time is limited going back to vote, i want to move to
Search Results 0 to 2 of about 3